Tag Archives: Infrastructure Maintenance Trust Fund

Will Year 2 of gas tax credit be as unpopular as the first?

March 13, 2020

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By RICK BRUNDRETT A state agency is again predicting that S.C. taxpayers will claim the maximum-allowed amount of income tax credits to offset the gas tax hike, though the first official estimate was way off the mark. For last year’s income tax filings, the S.C. Revenue and Fiscal Affairs (RFA) Office projected that a total […]

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SCDOT still sitting on huge gas-tax-hike surpluses; few major projects completed

November 20, 2019

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By RICK BRUNDRETT For the fiscal year that starts next July 1, the state Department of Transportation wants renewed authority to spend surplus money – at least that’s what the agency requested as part of its proposed 2020-21 budget. As of June 30 of this year, the department had $1 billion in “other” fund reserves, […]

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No bad bridges fixed under gas-tax-hike law, slow progress with other funds

June 12, 2019

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By RICK BRUNDRETT The state transportation department hasn’t replaced one bad bridge with gas-tax-hike revenues collected for nearly two years – despite promises by lawmakers that the money would be used to fix South Carolina’s crumbling roads and bridges. And the Department of Transportation has completed relatively few bridge projects in recent years with other […]

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